Gold Nears Record, Intel–Nvidia Buzz and Shifting Global Flows

Global markets ended the week on a mixed note. Precious metals strengthened with gold hovering near record levels, while India’s software giants came under pressure from U.S. policy changes. In the U.S., tech volatility continued, with Intel and Nvidia at the center of AI-driven headlines. Meanwhile, energy markets remained sensitive to geopolitical risks.

Gold Edges Toward Record Highs

Gold prices rose on Friday, holding close to all-time highs as the Federal Reserve’s rate cut continued to fuel optimism across markets. Spot gold (XAU/USD +0.42%) and futures (+0.80%) gained as traders sought safety while positioning for looser global liquidity conditions. With inflation pressures easing but uncertainty still lingering, bullion remains a critical hedge; particularly attractive to investors watching central banks tilt toward more accommodative stances.

Indian Tech Hit by Visa Fee Hike

In India, IT and software majors came under pressure after reports of a steep increase in U.S. H-1B visa fees. Infosys (-3.4%), TCS (-2.8%), and Wipro (-2.2%) all fell, signaling concerns over higher operational costs and reduced overseas margins. For traders, this underscores the sensitivity of India’s export-heavy sectors to U.S. policy shifts.

Intel–Nvidia Storyline Evolves

Markets are still digesting the shockwaves from Nvidia’s $5B stake in Intel, which initially sent Intel soaring. However, analysts are now split: some hail it as a “watershed” AI moment, while others warn Intel may remain a laggard. On Friday, Intel (-3.2%) cooled as profit-taking set in, while Nvidia (+0.24%) consolidated. The broader chip sector remains highly volatile, with opportunities for short-term traders as AI headlines keep driving sentiment.

Oil and Commodities Back in Focus

Oil prices inched higher (Brent +0.57%, WTI +0.58%) on prospects of fresh EU sanctions against Russia. Base metals saw mixed action, with silver surging (+2.35%) while copper held flat. Energy and metals traders are watching geopolitical developments closely, as sanctions and supply constraints may add fresh momentum.

Global Market Pulse

• Europe: Equity indices finished slightly lower despite rate cut optimism, with construction and chemicals under pressure.
• Asia: Japan’s Nikkei 225 climbed near record highs, supported by BoJ policy stability, even as Hong Kong equities lagged.
• U.S. Futures: After Wall Street’s record close earlier in the week, futures traded mixed, with tech still the sector to watch.

SGFX Summary

Markets are balancing Fed-driven liquidity cheer with geopolitical and policy uncertainties. Gold’s resilience offers safe-haven appeal, tech volatility creates short-term trading opportunities, and energy markets remain sensitive to sanctions headlines. For active traders, these crosscurrents highlight the need for agility and disciplined risk management.